Archive for: December, 2008
Stanley Epstein - Citadel Advantage Ltd - Modiin | 29/12/2008 | 6771 views
As a committed operational risk professional, I cannot help but stare in amazement amidst all the financial ruin and desolation that surrounds us. There has been a lot of hand-wringing and pronouncements about credit risk, liquidity problems, lack of trust and the like. However to my mind these are all smoke. And this smoke conceals the fundamental...
Tags: Risk & regulation
Elton Cane - Independent - Brisbane | 12/12/2008 | 3110 views | 1 comment
Earlier this week The Guardian had an interesting piece on the bonus culture at investment banks. The Financial Services Authority has written to the chief executives of major firms to urge them to review pay policies to ensure they take account of the risks being run by traders. And UBS is already moving in this direction by devising a system that...
Tags: Risk & regulation, Wholesale banking
Peter J Cooper - Cooper Sydney - Sydney | 11/12/2008 | 3816 views
In September, I blogged here on Finextra saying (paraphrased) 'sell NOW, we have already, it is going to get a lot more ugly and could be worse than 1929'.
By my count the global job losses (based on a pretty quick scan, it is probably a lot more) is over 1m now, mostly in recent months.
I've put the full list up below but the finextra site still...
Tags: Dealing rooms, Retail banking
József Nyíri - IND Group - Budapest | 01/12/2008 | 3272 views
Today I was reading the Netbanker blog about Zions Bank gift planner. I find it very innovative, a new value-added service which helps the bank to make their customers loyal.
It helps to list your gifts, plan budget for them and track the spending per item.
I think this is the path what should be followed by banks: provide useful tools and servic...
Tags: Online banking
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